Home ownership is one of the biggest scams of the financial system
“It’s an investment”
Nope, where you gonna live when you sell it?
“It’s my property”
Nope, you literally pay rent to the government every year with property tax
“It becomes more worth over the year”
Nope, it’s just your crappy fiat currency that trends to zero against any harder asset
Look as much as I believe in Bitcoin, you can’t live in cyberspace.
The investment case is strengthened when you don’t ignore the ability to access the equity via bank loans. Good way to build wealth atm.
In Australia it’s pretty bubbly so I’m sticking with 1 house only. Gotta live somewhere. I’ve also stacked Bitcoin for 4 years so I’m feeling hedged.
Sure but… what’s the other option?
